NSF Announces Availability of Market Report on Emerging Nanotechnology
On February 25, 2014, the National Science Foundation (NSF) announced the results of an NSF and National Nanotechnology Coordination Office (NNCO)-funded independent study that identifies more than $1 trillion in global revenue from nano-enabled products in 2013. NSF states that, to help quantify the global growth in nanotechnology research and development, Lux Research released a new report on global spending for emerging nanotechnology and the next generation of nano-enabled products. According to NSF, the findings “help illustrate the long-term impact investments in fundamental science and engineering research under an innovative initiative can have on the global marketplace.” NSF states:
The survey shows global funding for emerging nanotechnology has increased by 40-to-45 percent per year for the last three years. It shows that revenue from nano-enabled products grew worldwide from $339 billion in 2010 to $731 billion in 2012 and to more than $1 trillion in 2013. Revenue from the United States alone was $110 billion, $236 billion and $318 billion those same years, respectively.